Carlsberg A/S — Director's Dealing 2017

Feb 10, 2017

1. Details of the person discharging managerial responsibilities/person closely
   associated

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a) Name Social og Velfærdsfonden Carlsberg

2. Reason for the notification

a) Position/status Related party to Carlsberg A/S due to Hans Scott
Andersen’s position as member of the Carlsberg A/S
Supervisory Board and chairman of the Board of Social
og Velfærdsfonden Carlsberg.

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b) Initial Initial notification
notification/Amend
ment

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1. Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

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a) Name Carlsberg A/S

b) LEI 5299001O0WJQYB5GYZ19

1. Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted

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a) Description of the B shares
financial DK0010181759
instrument, type
of instrument
Identification code

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b) Nature of the Purchase of shares
transaction

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c) Price(s) and Price(s) 617.54922078 DKK per share
volume(s) Volume(s) 3850 shares

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d) Aggregated N/A
information
- Aggregated
volume
- Price

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e) Date of the 2017-02-09,12:34pm UTC (13:34 DK time)
transaction

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f) Place of the Nasdaq Copenhagen (XCSE)
transaction

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     Contacts

     Media Relations:
     Kasper Elbjørn
     +45 4179 12 16

     Investor Relations:
     Peter Kondrup
     +45 3327 1221

     Iben Steiness
     +45 3327 1232

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